Friday, October 19, 2012

Google and Yahoo Partner, Inuvo Inc., Positioning Itself as Leader in Internet Advertising - Recieves 2 Buy Ratings from Micro Cap Analysts

Two micro-cap analysts via Institutional Research Firms (Craig-Hallum & Merriman Capital respectively) have initiated Buy ratings on Inuvo, Inc. (NYSE MKT: INUV).

Earlier this year, The Craig-Hallum Capital Group LLC set a $2 price target on INUV & not to be outdone, Merriman Capital followed six months later on October 12, 2012 with its own price target of $2.50.
 
Craig-Hallum Capital Group LLC stated that the recently merged entity was "off to a good start" and was seeing improved daily revenue per live user. But the good news did not stop there and just this past month another research fim had positive analysis for the potentially huge tech company.

Merriman Capital analyst, Joel Achramowicz, stated in their report:

"Inuvo is positioning itself to be a leading player in internet advertising and e-commerce using powerful search technologies. The company has created sophisticated app platforms built around the major search engines (i.e., Google & Yahoo/Bing) that enable businesses to simplify distribution of digital ad campaigns across many merchants to help acquisitive web surfers find products and services to purchase. With close to 10 Million users currently and a huge web ad market to tap, we believe the company could be profitable in 4Q2013. Thus, we're initiating coverage of the company's shares at BUY with a 12-month TP of $2.50, or only 0.9-times estimated revs for the full-year, FY2013.

The report highlighted the large opportunity for growth via Mobile devices. Merriman stated that if Inuvo was successful in turning its' existing user base on to mobile, the company could see growth of $1.9 Million is just one year. They continued to state that the rest of the 2 Billion mobile subscribers in the world offered unlimited potential for the company's growth.

About Inuvo, Inc.
Inuvo®, Inc. (NYSE Amex: INUV), is an Internet marketing and technology company specialized in marketing browser-based consumer applications, managing networks of website publishers and operating specialty websites. To learn more about Inuvo, please visit www.inuvo.com.

Disclaimer: MicroCapCompany.COM via its parent service, Cervitude™ IR, has been compensated to create investor awareness about INUV.

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1 comment:

  1. A great article on INUV was posted on Seeking Alpha this week...

    ReplyDelete